In recent times, there has been a lot of debate about the real value of college degrees. This seemingly-academic discussion assumes deeper significance given that college students have been – for a long time now – racking up tremendous volumes of educational debt. Sizable percentages of new graduates are beginning their professional careers deeply mired in debt that takes them a long time to pay off, if they ever succeed in doing so.
In the current context, given the precipitous state of the U.S. economy and the disquieting fact that about 37 million Americans are bogged down by student loan debt, an increasing number of people are beginning to seriously question whether the costs of college education have begun to dwarf the benefits. Read more